Walmart, the biggest merchant on the planet, has made an important transfer to monetary solutions. Some ventures that are key:
- MoneyCenters in 1,800 of the 4,300 shops in the usa
- Business loans through Sam’s Club shops
- Banking licenses both in Canada and Mexico
- Banco Walmart branches in 263 shops in 31 cities that are mexican
They are variants on two longstanding themes. First, supermarkets have actually an extended reputation for having existing banks, primarily little regional savings banking institutions and thrifts, lease room of their premises for little branches providing to shoppers, often with very long hours versus those who work into the typical branch.